TKC on NYSE

Turkcell

Turkish mobile phone operator

Turkcell İletişim Hizmetleri A.Ş. (lit. 'Turkcell Communication Services') (BİST: TCELL, NYSE: TKC) is the leading mobile phone operator in Turkey, based in Istanbul. The company has 39.3 million subscribers as of September 2021.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

107.1BRevenue, fiscal 20234
12.5BNet income, fiscal 20234
1994Founded1

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  • TickerTKC on NYSE1
  • Industrymobile phone industry, telecommunications industry1
  • HeadquartersIstanbul1
  • Websitewww.turkcell.com.tr
  • Legal formAnonim şirket1
  • Incorporated inTurkey5
  • Business addressAydinevler Mahallesi Inonu Caddesi No 20, Kucukyali Ofispark, Maltepe, Istanbul, 348545
  • Filer categoryLarge accelerated filer5

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Bazaar Turkcell store
Photo: Pivox, CC BY-SA 4.0, via Wikimedia Commons6

Turkcell İletişim Hizmetleri A.Ş. (lit. 'Turkcell Communication Services') (BİST: TCELL, NYSE: TKC) is the leading mobile phone operator in Turkey, based in Istanbul. The company has 39.3 million subscribers as of September 2021. In 2015, the company's number of subscribers climbed to 68.9 million, in nine countries. The largest shareholder is Turkey Wealth Fund with 26.2% ownership. It is listed on the Fortune 2000 list of the world's biggest companies, published by Fortune. Turkcell has also developed Yaani, a browser for mobile and desktop. Turkcell's general manager is Ali Taha Koç.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in TRY, the currency the company reports in.

Key numbers, fiscal 2023

21.2%Gross margin4
7.3%Operating margin4
11.7%Net margin4
14.6%Revenue growth, 20234
10.3%Return on equity4
27.5B TRYFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs88¢94.6B TRY
  • Profit12¢12.5B TRY

Out of 107.1B TRY in revenue.4

Where each dollar of operating cash went, fiscal 2023

  • Capital spending34¢14.2B TRY
  • Kept or used elsewhere66¢27.5B TRY

Out of 41.7B TRY of cash from operations.4

Financial statements

Revenue78910114107.1B TRY in 2023+650% since 2016
050.0B TRY100.0B TRY150.0B TRY2016: 14.3B TRY14.3B TRY20162017: 17.6B TRY17.6B TRY2017+23%2018: 21.3B TRY21.3B TRY2018+21%2019: 25.1B TRY25.1B TRY2019+18%2020: 69.5B TRY69.5B TRY2020+176%2021: 108.6B TRY108.6B TRY2021+56%2022: 93.5B TRY93.5B TRY2022−14%2023: 107.1B TRY107.1B TRY2023+15%
Gross profit7891011422.7B TRY in 2023+350% since 2016
010.0B TRY20.0B TRY30.0B TRY2016: 5.0B TRY5.0B TRY20162017: 6.3B TRY6.3B TRY2017+24%2018: 7.1B TRY7.1B TRY2018+14%2019: 8.1B TRY8.1B TRY2019+13%2020: 16.4B TRY16.4B TRY2020+104%2021: 22.5B TRY22.5B TRY2021+37%2022: 11.8B TRY11.8B TRY2022−47%2023: 22.7B TRY22.7B TRY2023+92%
Operating income789101147.8B TRY in 2023+258% since 2016
05.0B TRY10.0B TRY15.0B TRY2016: 2.2B TRY2.2B TRY20162017: 2.9B TRY2.9B TRY2017+34%2018: 4.4B TRY4.4B TRY2018+49%2019: 5.0B TRY5.0B TRY2019+15%2020: 9.0B TRY9.0B TRY2020+79%2021: 12.1B TRY12.1B TRY2021+35%2022: 3.0B TRY3.0B TRY2022−76%2023: 7.8B TRY7.8B TRY2023+165%
Net income7891011412.5B TRY in 2023+712% since 2016
05.0B TRY10.0B TRY15.0B TRY2016: 1.5B TRY1.5B TRY20162017: 2.0B TRY2.0B TRY2017+32%2018: 2.2B TRY2.2B TRY2018+7%2019: 3.3B TRY3.3B TRY2019+50%2020: 4.5B TRY4.5B TRY2020+38%2021: 7.1B TRY7.1B TRY2021+58%2022: 6.9B TRY6.9B TRY2022−4%2023: 12.5B TRY12.5B TRY2023+82%
Fiscal year20162017201820192020202120222023
Revenue14.3B TRY717.6B TRY821.3B TRY925.1B TRY1069.5B TRY11108.6B TRY493.5B TRY4107.1B TRY4
Gross profit5.0B TRY76.3B TRY87.1B TRY98.1B TRY1016.4B TRY1122.5B TRY411.8B TRY422.7B TRY4
Operating income2.2B TRY72.9B TRY84.4B TRY95.0B TRY109.0B TRY1112.1B TRY43.0B TRY47.8B TRY4
Net income1.5B TRY72.0B TRY82.2B TRY93.3B TRY104.5B TRY117.1B TRY46.9B TRY412.5B TRY4
Earnings per share1 TRY/shares102 TRY/shares113 TRY/shares43 TRY/shares46 TRY/shares4
Earnings per share (diluted)1 TRY/shares102 TRY/shares113 TRY/shares43 TRY/shares46 TRY/shares4

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The story

Founded by Mehmet Emin Karamehmet in 1994.1

Leadership

Who has led Turkcell, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kaan Terzioğlu2015–2019
  2. Murat Erkan2019–now
1995200020052010201520202025

Products and brands

  • mobile telephony

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Kuzey Kibris Turkcell
  • Life:) Belarus
  • Lifecell Turkey

Also owns

  • Fulltrip
  • yaani

From Wikidata.1

Timeline

  1. Mar 15, 2019New chief executive Murat Erkan becomes CEO1
  2. Apr 1, 2015New chief executive Kaan Terzioğlu becomes CEO1
  3. 1994Founded Founded1

Recent filings

  1. Sep 25, 20266-K
  2. Sep 25, 20266-K
  3. Sep 24, 20266-K
  4. Sep 24, 20266-K
  5. Sep 22, 20266-K
  6. Sep 15, 20263 OWNERSHIP DOCUMENT
  7. Sep 8, 20266-K
  8. Sep 1, 20266-K
  9. Aug 14, 20266-K
  10. Jul 30, 2026SCHEDULE 13G/A
  11. Jul 23, 20266-K
  12. Jun 24, 20266-K
  13. Jun 24, 20266-K
  14. Jun 24, 20266-K
  15. Jun 24, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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